In many co-ops and condos it is the managing agent's responsibility to work with the board, superintendent and maintenance staff, vendors and other building professionals to create a safe and satisfying living environment for shareholders. …
With the recent indictments strewn about New York’s real estate industry, co-op and condo boards have become more and more choosy about the professionals they select to protect themselves and their homes. Knowing the angst involved in makin…
Professional residential management is a service industry, and some service providers perform better than others. To evaluate how your property's management measures up, it's necessary to assess both how the company functions as a whole …
The increase in the number of co-ops and condos in New York City has changed the way many New Yorkers live. Renters who have purchased a co-op apartment have become owners of stock while condo owners posses a block and lot. The traditional …
Even the best working relationships between co-op and condo boards and their management com- panies can eventually come to an end, forcing a switch from one company to another. The transition can be lengthy and complex in the best of circ…
Like any body of individuals charged with overseeing the operation of a corporation, it is necessary for co-op and condo board members to meet on a regular basis. But just coming together at a set time and place does not guarantee an effe…
The co-op and condo universe can be divided into two types of properties: The vast majority that engage a professional management firm and those that choose to go it alone. All properties need the services that good full-service managemen…
Any major change takes some getting used to and hiring a new management company for your co-op or condo is no exception. Even though you're anxious to ring out the old, you can't help but be a little apprehensive about whether the new com…
The initials following a person's name often reveal a certain level of educational or professional achieve- ment. Designations like M.D., D.D.S., J.D., C.P.A. and C.L.U. indicate the successful fulfillment of certain standardized requi…
This truth may not be self-evident, but in a co-op all shareholders are not created equal. Virtually every Offering Plan provides for a special class of shareholderscalled Holders of Unsold Shareswho are routinely granted privileges not e…